As a percentage of GDP, U.S. exports are:
A. greater than U.S. imports.
B. about 20 percent.
C. considerably lower than in several other industrially advanced nations.
D. higher than in Canada but lower than in Germany.
C. considerably lower than in several other industrially advanced nations.
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Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country A could not make would be:
A. (500 iPods, 150 tablets). B. (500 iPods, 200 tablets). C. (500 iPods, 250 tablets). D. (500 iPods, 300 tablets).
In the mid-1980s, in which communist country did the credo change from "From each according to his ability, to each according to his needs" to "More pay for more work, less pay for less work"?
A. The Soviet Union B. Vietnam C. Cuba D. China